| Sports Betting Online |
UBank savings rates fall back in line
15 April 2010 |
| |
| National Australia Bank may be allowing the momentum to slow on deposit inflows into its UBank brand, with the bank so far content to leave its interest rate unchanged on its previously market-leading at-call account. The rate remains at 5.85 per cent, though anyone with a regular savings plan will earn 5.95 per cent. Most deposit-takers with products in the high-yield segment have lifted the interest rate on their deposit products by 25 basis points and in line with the rise in the cash rate steered through by the Reserve Bank of Australia last week.This includes NAB on its iSaver account, which increased by 35 basis points according to GBST, a new supplier of comparative data on retail bank products. Bonus rates and “specials” tend to complicate comparison on higher-yielding deposit accounts, but UBank is now offering only the same rate as BankWest, Commonwealth, ING Direct and Westpac. AMP, through a special offer, is offering 6.0 per cent on its easySaver product. A rate of more than six per cent is available from Citibank in some circumstances.It’s less than a month since NAB refreshed the UBank offer (though valid only until the end of March) under which the bank undertook to match the promotional and introductory interest rates of four rival banks across seven deposit products. Asked about its approach to UBank’s product pricing this week, a NAB spokesperson wrote in an email that “whilst rate remains very important to our customers, product functionality, service and ease of application remains critical.” UBank also shaved 10 basis points off its six-month term deposit over the last week. |
| |
| Source : Banking Day |
| |
|
|
|
| |
| 30 April 2010 | - Housing shortage to get worse |
| | - Aussie consumers confident again |
| | - Backlash against Woolies over debit cards |
| |
| 29 April 2010 | - High inflation may lead to May rate rise |
| | - ING Direct is the most popular bank |
| | - Older people like First Home Saver Accounts |
| |
| 28 April 2010 | - Pensioners get big pay rise |
| | - Do have your own bank account? |
| |
| 27 April 2010 | - May rate depends on inflation |
| | - Foreigners kicked out of housing market |
| | - Inner Melbourne homes soon worth $1M |
| |
| 23 April 2010 | - First home buyers stressed out |
| | - Interest rates linked to LVRs |
| |
| 22 April 2010 | - May rate rise now looks likely |
| | - ANZ online saver lags behind |
| |
| 21 April 2010 | - Lenders tighten up as debt stress booms |
| | - Pay down bad debt, focus on good debt |
| | - Big banks deliver rate rise to savers |
| | - First home saver accounts not popular |
| |
| 20 April 2010 | - Banks competing for kid’s deposits |
| | - When to open that first kid’s bank account |
| | - Price of land going up up up |
| |
| 19 April 2010 | - Melbourne auctions going gangbusters |
| | - How to avoid $50/week in bank fees |
| | - Aussies still wary of credit |
| |
| 16 April 2010 | - New tax break for savers |
| | - No eftpos choice at Woolworths |
| |
| 15 April 2010 | - House prices will fall – eventually |
| | - ANZ offers refunds for ATM problems |
| |
| 14 April 2010 | - Deposit rates still at record highs |
| | - Chance of May rate rise declines |
| | - No housing bubble in Australia |
| |
| 13 April 2010 | - Beware old Eftpos machines |
| | - Less home loans being sold |
| | - Mortgage rates to hit ten per cent |
| |
| 12 April 2010 | - Auctions continues to produce results |
| | - Cash advance fees up to $20 |
| | - Bank fees cost $50/week |
| |
| 09 April 2010 | - Another rate rise tipped for May |
| | - Regionals pass on RBA rate rise |
| | - Transaction account rivers of gold |
| |
| 08 April 2010 | - Online savers miss out on rate rises |
| | - Investors returning to property |
| | - Competition returns to mortgage market |
| |
| 07 April 2010 | - Mortgage rates up over seven per cent |
| | - Rates to keep going up up up |
| | - Deposit rates go up |
| |
| 06 April 2010 | - Banks may raise rates again |
| | - NAB says no to big rate rises |
| | - House prices must cool off soon |
| |
| 01 April 2010 | - House prices go up up up |
| | - NAB and minnows winning market share |
| | - Banks know you can’t be bothered switching |
| |
|
|
| |
